At $690,000, Southern California home prices hit year’s 8th record

At $690,000, Southern California home prices hit year’s 8th record

Southern California’s housing market cooled since last spring’s crazed homebuying frenzy. But not much.
Agents say they get fewer offers, but there are still bidding wars. Sales are closer to the asking price, but many homes still sell above asking. Some buyers still are waiving inspection or appraisal contingencies or letting the sellers stay a month or two rent-free after closing.
And home…

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